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Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? for CAT 2024 is part of CAT preparation. The Question and answers have been prepared according to the CAT exam syllabus. Information about Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer?.

Solutions for Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CAT. Download more important topics, notes, lectures and mock test series for CAT Exam by signing up for free.

Here you can find the meaning of Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer?, a detailed solution for Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions: A statement is followed by assumptions numbered I and II. An assumption is something supposed or taken for granted. You have to consider the statement and the following assumptions to decide which of the assumptions is/are implicit in the statement.Statement: Bank 'A' has announced reduction of half percentage in the interest rate on retail lending with immediate effect.Assumptions:I. Other banks may also reduce the retail lending rates to be in competition.II. Bank 'A' may be able to attract more customers for availing retail loans.a)Only assumption I is implicit.b)Only assumption II is implicit.c)Either assumption I or II is implicit.d)Neither assumption I nor II is implicit.e)Both the assumptions I and II are implicit.Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice CAT tests.